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Search Results 0 to 44 of about 45 (some duplicates have been removed)
FOX News
Dec 30, 2012 7:00pm PST
the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was pounding the same message again and again f. we go up the fiscal cliff for not meeting them halfway. >>> not because democrats and congre congre congress don't want to go ahead and cooperate but i think it has been hard for speaker boehner and republican mcconnell to accept the fact taxes on wealthiest should go up a little bit sweas well as a deficit reduction package. if they can't say yes to good offers i have an obligation to make sure the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> republicans are expressing frustration saying the president is trying to put the blame on them for going off
LINKTV
Dec 28, 2012 8:00am PST
cliff. obama and congressional republicans remain at an impasse over the republicans' refusal to allow tax hikes even for the wealthiest americans. if an agreement is not reached in time, $600 billion in automatic spending cuts and tax increases will go into effect on january 1. but the tax increases would not necessarily be permanent. the new congress could pass legislation to cancel them retroactively after it begins its work next year. >> while the so-called fiscal cliff has dominated the news headlines, the senate is also preparing to vote today to continue a controversial domestic surveillance program. in a blow to civil liberties advocates, the senate rejected three attempts thursday to add oversight and privacy safeguards to the foreign intelligence surveillance act. joining us from washington is democratic congressmember dennis kucinich. this is his last again congress after serving eight terms. since 1997, dennis kucinich has been a leading progressive voice on capitol hill, into these articles of impeachment against george w. bush, voted against the patriot act, and advocated
FOX News
Dec 29, 2012 1:00am PST
like a republican. >> stop, get out of here. the fiscal cliff is defense cuts and high taxes welcome to the republican party. >> rational people say that's not a good thing to do. i would hope that robert and sober behavior before new year's eve would land like an alien rocketship in washington and get these people to the table. >> greg: alice, you are sane, i believe. what do you make of this? the point i'm trying to make is why are the democrats scared of the fiscal cliff when it defines basically their ultimate dream? the democrats are anxious. they are embracing the fiscal cliff. we got obamaened a democrats in the conservative thunder bird ready to put the pedal to the metal on the fiscal cliff. they can raise taxes. they can cut military spending and they can blame the g.o.p. when the g.o.p. is doing the smart thing here wanted pointing the finger at the real problem, which is out of control spending. fixing this problem is not going to be easy but it's not complicated. we can't rely on raising taxes. we have to focus on cutting spending. that's what republicans are doing. even
FOX News
Dec 31, 2012 6:00am PST
in the fight over the fiscal cliff as the number two republican in the senate moments ago said there could potentially be a bill ready for the floor, but after lawmakers turned down several different plans to avoid potential tax hikes for every american what do we know about this possible bill? not much, and may be more importantly if it passes, what does it mean for your wallet on january 1st, that is if we fall off the cliff. matt mccall is president of penn financial group llc. the irs is today notifying employers on how much they will have to withhold from their employees' checks. let's go through each and every one of these tax increases if there is no deal, and we dive off the cliff. let's begin with the first one. marginal income tax rates ric rice for nearly everybody in america. >> over 90% of americans will be hit with higher taxes, and everybody talks about the wealthy getting hit the hardest. what i find fascinating is two-thirds of americans that make less than $20,000 a year will get hit with higher tax rates which will equal a gain of close to $600 more per year in taxes. if
CNN
Dec 31, 2012 1:00pm PST
to that fiscal cliff, i'm going to speak with republican senator rand paul about the consequences. we'll talk a closer look at what all of this means for you. plus, hillary clinton spending new year's eve in the hospital in new york city with a potentially serious blood clot in her head. we'll hear from a medical expert. stand by. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung galaxy note ii. >>> just want to update you on the breaking news we've been covering here in "the situation room." first, the secretary of state hillary clinton, she has now been diagnosed thanked to a routine follow-up mri with a brain clot in the brain, situated in the space between the brain and the skull, rig
FOX News
Dec 30, 2012 3:00pm PST
. >> republicans are firing back about how the grand ol' party is handling fiscal cliff negotiations. why they say the president needs to stop the blame game and start leading. fair and balanced debates when we come back. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> our continuing conference of the fiscal cliff in this special edition of the fox report. the saying during an interview today it's the house republicans to blocked any potential deal by refusing to accept tax hikes on the wealthiest americans. house speaker john boehner said, quote, americans elected president obama to lead, not cast blame. the president's comments to be are ironic as a theme of our negotiations was his unwillingness to agree to anyone that requires him to stand up to his own party. brad blakeman, former deputy assistant to george w. bush, debby dingle from mish michigan to talk about us.
FOX News
Dec 30, 2012 7:00am PST
. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> now, what the president s correct about s that in the negotiations with speaker boehner in recent weeks the president was giving on social security and med did i kay changes that democrats were not excited about but speaker benito walked away -- but speaker boehner walked away from those negotiations. senator mitch mcconnell said in the last couple of days when got a phone call from the president saying let's try to come back to the table and work this out. mcconnell said that is the first time he heard from the president, se
FOX News
Dec 27, 2012 10:00am PST
. because president obama perfectly going over the fiscal cliff to blame republicans because he can't default on the debt. he will have to compromise between now and february. second of all the baseline gets reset if the tax cuts expire. everybody will propose a tax cut in january and right now we're fighting whether to increase taxes or not. you can see possibility of a deal seen as win-win for both sides. third, if republicans don't come up with a deal, a bad deal right now, they still have the $800 billion in revenue they put on the table from limiting deductions and loopholes that they can use to buy down rates. so i think the odds are, after january 1 we will get a deal and it will be much more favorable deal to the republican party because we'll have the leverage and president obama won't. heather: simon, basically what mark's laid out there would be more of a bunge jump over the cliff instead after nosedive, what do you think about the possibility, good thing or bad? >> i think it is going to happen whether it is good or bad. hopefully in the first week to 10 days of the new
FOX News
Dec 27, 2012 10:00pm PST
that you say the republicans are in a stronger position than they realize going into this fiscal cliff debate or debacle, whatever you want to call it? >> i think they are in the strongest position if they only knew the debt creel is coming up in a very short period of time. frankly, if you remember on your show i said they should not agree to extend the debt ceiling beyond the election. and when they did that, and as soon as they did that, they love the election. they would have won the election had it come due before and they would have won that had they stuck to it but they didn't do it. but the debt ceiling has to be agreed to. they have the cards i just don't think they know it, unfortunately. they should get everything they want based on the debt ceiling alone. >> explain it to me. suppose the republicans dug their heels in the ground and said they refuse to raise the debt ceiling. how would that empower them? >> well, the government, i mean unfortunately, as it almost has anyway, would come to a total standstill. with the debt ceiling coming due in another month from now, they s
FOX News
Dec 29, 2012 1:00pm PST
to avoid the fiscal cliff. president obama is pressing a basic proposal previously rejected by republicans. >> gregg: and in moscow, at least four people are dead, four more seriously injured after a passenger plane crashed while landing at one of russia's busiest airports. >> arthel: the u.n. envoy for syria somebodying a dire warning today in a meeting with russia's foreign minister saying the country's civil war could plunge the entire region into chaos unless something is done to solve the refugee crisis. >>> fox extreme weather alert. the northeast[5uzi facing yet ar powerful snow storm in less than a week. look at those picturing, adding up to a heap of trouble for holiday travelers on the roads and at the airports. the storm has already hit the ohio valley and now it is cranking up wind and snow as it moves to the northeast. meg baker of wtxf is live in north town, pen opinion -- pen opinion. it looks dark behind you. i'm trying to see how bad it is. >> it's been a winter wonderland for parts of greater philadelphia area. we're in north town where we see about three inches of snow t
FOX News
Dec 27, 2012 8:00am PST
there will be a conference call with house republicans later this afternoon to talk about the way forward on the fiscal cliff. we got this from another house republican a few moments ago. >> we're going over the cliff because frankly i believe it is what the president wants. if you go back and look how he has handled this negotiation from the very beginning, go back and look what his own administration has been telling him for years. that tax rates need to go up on everybody. this has been the president's position i believe from the very beginning and i think that's where we'll end up. >> reporter: the president suggested a christmas holiday, maybe a cooling-off period, a time for lawmakers to go home and think what they want to do about the fiscal cliff. it sounds like post-christmas everybody is more pessimistic than ever. harris? harris: they have got travel woes too right now. there are people who might want to get back to washington and can't as they wait for certain snowstorms to move along. mike, thank you very much. >> reporter: thank you. jon: you knew the fiscal cliff could hit you hard in the payc
CSPAN
Dec 26, 2012 7:00am EST
: it depends on how we get there. if we have a fiscal cliff deal, the kind the republicans were pushing through last week, it was really no government spending cuts for two years. additional revenue that would be raised was not very much. that would not cause a recession. however, if we got a deal where the president got $100 billion in additional taxes from upper income people and he got $100 billion in the immediate spending cuts as the republicans would want to match it, subtracting $2 billion it is a little over 1% of gdp. that would push us into a mild recession. unemployment was start to creep up. if we got the bigger than that, $300 billion in spending cuts and tax increases, that we would have a severe recession of the kind from which the economy could not easily recover. host: first call is lydia. caller: i had a question for the doctor morici. over the last four years, everything the president has tried to propose to get the country back to work, jobs he has proposed, the infrastructure and jobs programs, the republicans have a filibuster. they took an oath before he was sworn in to d
FOX News
Dec 28, 2012 10:00am PST
that he thinks this will fiscal cliff matter comes down as one white house meeting two hours from now. another top senate republican said a short time ago that he was calling on president obama to lead. >> the president is not a senator anymore. he's a president. just as president reagan worked to deal with tip o'neill and bill clinton and president eisenhower, we need leadership on not just taxing rich people, but we contact them and it wouldn't help the medicare fiscal cliff. greg: others are skeptical, noting that high-profile meetings are for show often times and all about tactics. we expect the president will try a stopgap measure extending middle-class tax rates, extending unemployment benefits for some 2 million americans, do some small spending cuts now, but not entitlement reform. an ally of the white house and the house of representatives offered this. >> this is not for show. it is a last-ditch effort by the president to bring the congressional leaders together to try and get at least a small package. a small deal together before the new year. in order to avoid some of the
FOX Business
Dec 30, 2012 11:00pm EST
. unwilling and unable erhaps, for what will ensue of the fiscal cliff. but the fact is that we are looking at a real prospect that the republicans will be held responsible and must plan be actually has the effect of shifting some of the responsibility to the president read what you think are the odds? >> i think he will be held responsible for the economy in 2013 and 2014. you cannot blame george w. bush anymore. they control the senate. it is their economy for sure. so i think that you're going to see a real problem in 2013 and 2014, but i do think it's obama's economy now. the republicans passed the tax cuts for one group, let's say all the way through, not the very top group, i don't know where that negotiation is going to come out, but if they do that, i think that they will be held blameless for the economy. lou: as we wrap up here, i would like to ask you a question this way. because i said last year that i felt strongly at the beginning of the campaign. the democrats were the republican -- the democrats or the republicans, which party led the discussion to the enduring that of the m
ABC
Dec 31, 2012 6:30am EST
to the deadline if congress and the president are going to stop the nation from going over the fiscal cliff. without a deal, taxes are set to go up on about every american. >> reporter: talks continue but this morning, still no deal. republicans and democrats nee gobuated all weekend, with the hope of passing legislation that would protect most people from a massive tax hike, set to kick in type at midnight. our top priority is make sure taxes on middle class families don't go up to hurt the economy badly. >> reporter: optimism about a deal over the weekend, when the republican leader in the senate made an offer, that all ended when senate majority leader said he couldn't present a counter proposal, in a hail mary, he phoned for help. >> i placed a call to the vice president to see if he could jump start the negotiations on his side. i'm willing to get this done. i need a dance partner. >> reporter: white house officials say vice president biden is now playing a direct role in the talks. the two partys remain at odds over the automatic across the board cuts to government programs and defens
PBS
Dec 28, 2012 8:00pm PST
right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was hopeful and optimistic that they could get a deal that they could pass. the reason that that could happen if mitch mcconnell lets it happen, john boehner may feel no option but to put that on the floor for pass adge whether or not most republicans are for it. that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are g
CNN
Dec 31, 2012 11:00am PST
will the fiscal cliff. $600 billion worth of tax increases and spending cuts. it is supposed to be automatic. but now republicans are suggesting a delay, the president just spoke trying to add pressure to congress to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spending in a balanced way, so that we can put all this behind us focusing on growing our economy. but with this congress, that was obviously a little too much to hope for at this time. >> let's turn now to chief white house correspondent jessica yellin. let's talk a little bit about the outlines of the deal, the fact that the president came out to make his case and try to push this thing over the finish line. what does the white house have to do to gain the backing it needs. >> reporter: well, what we heard from the president today just now was really an
FOX News
Dec 31, 2012 3:00pm PST
not moved anything. so far they are moving on. going over the fiscal cliff. meanwhile, the president talked about it today. >> democrats and republicans in congress have to get this done. but they are not there yet. they are close. but they're not there yet. and one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you are supposed to do, they will use that second. >> we will continue to work on finding smarter ways to cut spending but let's not let that hold up and protect americans from the tax hike to take place in ten hours. ten hours from now. we can do this. we must do this. >> bret: it's not clear whether they can. it's not clear whether that is all of them believe they must. bring in the panel. jonah goldburg. kirsten powers if for daily beast. syndicated columnist charles krauthammer. begin with the president's statement today that happened mid-day. he framed it as ed henry said as campaign style event. middle class families behind him. didn't have a lot of details and has had the same feel as he has had many tim
FOX News
Dec 28, 2012 8:00pm PST
both parties want to go over the fiscal cliff in order to save face politically and then strike a deal next month, but will that be too late. joining us from little rock, alice stewart, a republican strategist and here in studio, my favorite juan, a fox news tributor. around the consequences of going over the fiscal cliff actually a democrat's dream? all that's missing are vegan lunches and yoga in classrooms. you have high taxes and defense cuts. you must be giddy good going over the cliff. >> not me, i don't want to go over the cliff. i have investments, i work for a living, and guess what? it would be absolutely traumatic for the american economy and the global economy and the recession is not exactly in the midst of a strong recovery. it's pretty weak, so i don't think it's good news for anybody and this is something that the press doesn't pay attention to, greg. i think that if obama has to start a second term with everybody saying, oh my gosh, the sky is falling, the economy is going to hell, then consumer confidence thinking, that's not good news for democrats, so why would you
FOX News
Dec 28, 2012 10:00pm PST
republicans driving hard to get answers. last one for me greta and then i will stop talking. the fiscal cliff happening right now. what kind of government should we have and what sort of taxes and spending and who should pay what and end the year with a story about everything that touching scenion do with government that we have been arguing about since the start of the election. >> greta: let's have some fun stuff. linn sanity. >> i particularly enjoyed linn sanity. a wonderful story because he was a guy who came from out of no where who had been cut, released, overlooked by other people but also just didn't fit the type of an nba star are that we see in the modern era. an asian american. a short guy who basically took hold of the team in the biggest media market in the country and led the new york nixon this terrific winning streak. petered out a little bit. still needs to work on turnovers. having mixed success in houston. that was sentimentally that was my favorite story of the year. >> greta: for 2013, pay attention to africa. you mentioned the arab spring but i think africa is and what
CSPAN
Dec 31, 2012 12:00pm EST
the fiscal cliff, and i do not think it is responsible whether you are republican or democrat. i think both parties should unite and work for all americans. it is not obama's fault he was handed a mass. he has done a great job with that. honestly, i was a republican at the time when i voted for him and have since changed to become a democrat. is not about the individual parties. it is about responsibility. if i am not responsible with my money, i pay. i have been recently disabled, and i have spent endless hours and days and weeks and months to try to get disability. and i am unable to get it. i am concerned about our veterans coming home, not having a job, concerned about children and grandchildren having no education so that they have to work so hard for what is already outrageous tuition. i could go on and on a. everyone is glued to their tv, wondering what is going to happen. it is time that we act like responsible adults and do the job. host: keeping an eye on wall street as well. the markets are all up. the dow is up at this hour. many expect a market reaction depending on what happen
FOX News
Dec 28, 2012 7:00pm PST
now we are coming up 73.5 hours of going over the fiscal cliff the one that they are pushing us off and everyone s scrambling to scrap scrape toga solution. is the house doing anything at all. congressman aaron schact joins us. >> good evening, sir. >> republicans blame democrats and democrats blame republicans and the leadership as it goes beyond that you have political oh opponents it but you rise above it and have solutions for the american people. where is that leadership? >> it has been lacking without doubt and look, kudos to you for holding elected officials feet to the fire. my party and colleagues and myself included it is frustrating as a house member. i can't be a house member and senator and president all at once. the house has led. we have tried to be the party of ideas. the body of ideas. as you know this summer we passed a bill to keep tax rates low for everyone. it has been dead in the senate. harry reid won't take it up. after the election john boehner got criticism even from my party saying look, mr. president we will meet you halfway and give you the $800 billion
FOX News
Dec 28, 2012 6:00am PST
package they come up with. now that we're days away from actually going off the fiscal cliff where these automatic massive spending cuts as well as large tax increases got into effect you have to have low expectations. it appears the white house is very confident in waiting for the republicans to make the next move. they keep saying inside the white house this is up to the republicans. they're the impediment here. when you listen to senate republican leader mitch mcconnell he basically said yesterday when he got a phone call from the president two nights ago it was the first time he heard from a democrat about the fiscal cliff negotiations, whether the president, senator reid or others in about a month, around thanksgiving. with the democrats not reaching out to senator mcconnell for a month, doesn't seem like they have been pushing very hard for a deal, gregg. gregg: has the bickering between reid and boehner sort of poisoned the negotiations past the point that, you know, maybe this meeting will help at all? >> reporter: it may have because it's really, we've seen tensions escala
CNN
Dec 26, 2012 8:00pm PST
. when you look at the fiscal cliff if you think the deficit is the problem, going over the cliff addresses that problem in a big way. >> saying no deal's better than a bad deal. >> once we go over the cliff and i come to the belief we are, we're going to all be asking for a parachute. the markets are going to go to hell in a hand basket and people are going to start screaming bloody murder. >> if the idea that the deficit is the problem, that will be addressed by going over the fiscal cliff. i happen not to think that the zefts the main problem but it calls people's bluff. >> how in the world is it we can tell our children, you can't give your way up everything, so you and your brother and sister, you better figure it out. it works with my nieces and nephews, but for some reason, if it works in congress, it's a mushy deal or really isn't going to work. i'm sorry, folks, if it works for children. it can work with congress. >> stop the sand box politics. i couldn't agree more. we heard one congressman at the top of the show saying they shouldn't have gone home at christmas. do you
FOX
Dec 28, 2012 7:00am PST
from both parties to the white house today as a last ditch effort to avoid the fiscal cliff. he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and down market street and drivers are always advised to expect delays. >> peeking of, we haven't really seen any this morning. let's go to tara and see if that changed. >> no, the same story. maybe a lot of folks headed up to the tahoe area. maybe they already left as a matter of fact because the skiing is going to be pretty good up there. right now i want to show you my maps so you can see exactly what i'm talking about up here. the roadways are completely clear and in livermore the same story. overall a very
ABC
Dec 31, 2012 3:00am PST
the night ahead of that looming fiscal cliff deadline. the sticking points are still the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher income tax threshold. republicans want to keep the estate tax from going up. and there's no agreement on what to do about automatic spending cuts. those are set to go into effect on january 2. >>> now to a deadly bus crash on a slick highway in eastern oregon. a tour bus careened off an icy section of interstate 84 yesterday morning and tumbled down a steep embankment, killing 9 and injuring more than 20 others. the bus was traveling to vancouver from las vegas. the driver survived but was too badly hurt to speak with police. >>> here is your new year's eve forecast. up to a foot of mountain snow in the southern rockies. 5 inches from kansas to southern illinois. thunderstorms from much of texas, oklahoma city, little rock and memphis. rain and mountain snow in the pacific northwest. flurries from michigan to northern new england. >> chilly from the west coast to the midwest and northeast. 20s
FOX News
Dec 31, 2012 1:00pm PST
this fiscal cliff situation and the breaking news is no voice in the house tonight. how will it end up? >>reporter: it will end up how we have always known which is republicans are going to agree to an increase in the tax rates for the highest earners. in exchange they will not get a lot. but there will be an agreement. they are haggling over the amount, $250,000 to $400,000, around that and concerns about sequestration cuts. i have talked to senator whose say they could live with the taxes but the automatic across-the-board cuts especially in defense, because the sequestration cuts are divides half between defense and half the rest of discretionary spending, that is disproportionate hit on defense so a lot of republicans, some democrats, too, are worried. >> thank you so much. >> my preference would have been to solve all the problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it works this congress, that was obviously a little too much to hope for at this time. it will have to be a matter shared sacrifice. at least as long as i'm p
NBC
Dec 31, 2012 5:00am EST
24 hours now to avert the fiscal cliff. aide say lawmakers are working around the clock behind closed doors to broker a deal with several options on the table. republicans reached out to vice president biden for help with negotiations. meantime, president obama sais he's still cautiously optimistic. nbc's danielle lee is live on capitol hill with the latest. good morning, danielle. >> richard, good morning. the senate will get back to work on this very issue at 11:00 a.m. today. twh they do, they will not have a lot of time to avoid the massive spending cuts and tax increases. democratic leader harry reid says they hope to have an announcement. but at this time, lawmakers say they are still looking at a significant divide, specifically on at what point, what salary should taxes increase. aides say lawmakers did make significant progress over the weekend, specifically on the issue of tax increases for the very wealthiest americans and avoiding the inheritance tax increase and republicans gave up on their demand for social security, cuts to social security to be a part of this deal. dem
FOX
Dec 31, 2012 7:00am PST
negotiations are looking better to avoid going over the fiscal cliff at 9:00 p.m. our time. as kyla cam billion reports from our washington, d.c. newsroom, there's still a gap on raising taxes. >> reporter: republicans and democrats both say these negotiations are moving forward. the house is back at work this hour and we expect to hear from the senate when they start their day in about 45 minutes everyone the big et problem that needs to be -- biggest problem that needs to be solved is deciding who should pay more in taxes. democrats offered to raise taxes on households making $450,000. republicans were still hoping for the $550,000. but republicans dropped their demand to cut social security benefits. at that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance that we will avoid the fiscal cliff by midnight tonight. >> reporter: if the senate co
FOX News
Dec 30, 2012 3:00am PST
to headlines. start with fox news alerts. we may have the first sign of progress on the fiscal cliff. >> huh? >> listen up. just minutes ago on "fox news sunday" republican senator are lindsay graham said this. >> i think people don't want to go over the cliff if we can avoid it. what have we he accomplished? political victory for the president. he stood his ground. will get tax rate increases maybe not at 250 but on upper income americans and the sad news for the country is we accomplished very little in term its of not becoming greece or getting out of debt. this won't affect the debt situation. >> sort of hats off, wink, wink. >> the president told "meet the press" they hope to get a deal condon in the next 48 hours. >>> police say a guy broke into a woman's home and drove her to the bank of america branch where she worked. she triggered an alarm but the suspect escaped before police arrived. it took the bomb squad three hours to remove the device from her neck. she did escape unharmed luckily. >> a best friend becomes a hero after rescuing a boy who fell through the ice in iowa. they wer
FOX News
Dec 31, 2012 10:00am PST
ahead of the fiscal cliff debate number two which is the debt ceiling back and forth. that the president is promising to campaign as he has across the country with folks just like that behind him probably in different districts and going after republicans. that is the signal they are trying to send with those optics. what he said, he really focused on the taxes as he has pretty much throughout speaking about how important the tax increases on the upper tier are. did not talk a lot about the spending cuts. there are no additional spending cuts in this package from what we have heard from ed henry and our people up on capitol hill. this is a major problem. we just received, mike emanuel received a hard copy of a letter sent by e-mail by senate minority leader mitchell mcconnell updating them on negotiations. here is what nor mcconnell says about the situation. the subject is fiscal cliff update. colleagues. i appreciate your patience and know you are anxious to understand where we stand on the package. the tax piece is complete and done as of last evening at 1:45 a.m. i thought the entire
FOX News
Dec 31, 2012 8:00am PST
there is progress in the talks to avoid the fiscal cliff. we've heard this before and we are hours away from massive tax hikes and spending cuts set to kick in at midnight. republican senator lindseys joih all his thoughts on the matter. welcome, senator, great to have you here today. >> glad to be with you. uma: let's talk for a moment. we don't even have a deal yet and you're already conceding this is a victory for the president. why? >> it will be. i mean no republican wants to raise tax rates. in 2010 the president said we needed to extend all the bush tax cuts because the economy was week. in 2012 the last day he's pushing to raise tax rates. the economy is still weak. it's all politics, he won the election. he said he come pained on raising tax rates on americans who make mourn 250,000. at the end of the day he'll probably get that victory. it will be a hollow victory because raising tax rates is not going to help job creation and it's certainly not going to get us out of debt. here is the question i asked on "fox news sunday," what are you going to do with the machine, mr. president that come
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